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Event Detail

Tuesday, April 9, 2013

Monetary Policy and Wealth Management in a Small Petroleum Economy

The central bank of Norway manages a $700 billion fund – one
of the biggest sovereign wealth funds in the world. The fund is
invested in stocks and bonds in all major markets, and is now
beginning to invest in US real estate. Norges Bank Governor Øystein
Olsen will outline how the Norwegian monetary and fiscal policy
framework is set up in order to manage the fund on behalf of
current and future generations, while coping with shocks hitting a
small open economy.